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nib Group (nib, formerly Newcastle Industrial Benefits) is an Australian health care fund. It was established in 1952 to provide health insurance for workers at the BHP Newcastle Steelworks, and has since grown into a national and international operation. [1] As of 2017, nib held an 8.3% share of the Australian private health cover market. [2]
Medibank began as an Australian Government private health insurance scheme, established by the Whitlam government in 1975 through the Health Insurance Commission. [4] In its original form, it was a universal health insurance programme funded through taxation, that also ensured free treatment at public hospitals and provided subsidies to private hospitals.
In October 2010 Newcastle, New South Wales based health fund NIB made a $140 million takeover offer to GMHBA members. The company went public with the offer, after the GMHBA board rejected their initial offer and refused to enter into discussions. NIB was Australia's first health fund to demutualise, listing on the stock exchange in 2007. [2]
In Australia, health insurance is provided by a number of health insurance organisations, called health funds. Such insurance is optional, and covers the cost of treatment as a private patient in a hospital, and may provide "extras" cover. Hospital cover. Medicare covers the cost of treatment as a public patient at a public hospital for ...
Bupa Health Insurance, with 3.9 million customers, is a leading health insurance provider in Australia and also offers health insurance for overseas workers and visitors. Bupa Health Services is a health provision business, comprising dental, optical, audiology, medical assessment services and health care for the Australian Defence Force.
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Health insurance companies of Australia (1 P) Pages in category "Insurance companies of Australia" The following 40 pages are in this category, out of 40 total.